Diesel price goes up for first time in three months
The government has increased the price of diesel by Rs5 per litre, while the rate of petrol has been kept the same for the next fortnights, according to an official announcement. This is the first hike in the prices of petroleum products in three months, which have been constantly going down due to the falling prices in the international market. In a late-night announcement on Tuesday, the Ministry of Finance said the ex-depot price of high-speed diesel (HSD) was set at Rs251.29, up by Rs5 per litre from Rs246.29 per litre. The petrol price was kept unchanged at Rs247.03 per litre for the next fortnight.In the retail market, both petrol and diesel are being sold at a higher price — Rs248 to 248.50 and Rs252, respectively. According to the ministry’s announcement, the Oil and Gas Regulatory Authority has worked out the prices based on the variations in the international market.